Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
cryptomaniac_xxx
on 14/12/2024, 10:08:10 UTC
⭐ Merited by JayJuanGee (1)
Shower thought.
What if we're very lucky to be during a time when we could own an asset that will actually "dethrone" Gold and become the most valuable asset in total market value?

It might not be very obvious for us plebs now, but it might be as Bitcoin becomes higher in market value than Google, Microsoft, Apple, Amazon, and NVDIA.
Buy the DIP, and HODL
With what bitcoin has achieved and shown, I am very happy to be among the investors who are consistently accumulating bitcoin and holding it for a long time. Bitcoin is just new, but yet it has already surpassed Google, Microsoft, Apple, Amazon, and NVIDIA in market value, who have been existing a long time before bitcoin was developed. It's just a matter of time; we will see bitcoin doing the same thing to gold. I will not be surprised when that happens because I know bitcoin has what it takes to dethrone gold in market value.

Are you referring to $crypto$'s post from earlier today?



The chart shows that bitcoin is number seven on the list, and sure probably within this cycle bitcoin will at least get up to number 2, and it may even pass gold this cycle or perhaps in the next cycle?  The path up for bitcoin is not even necessarily directly up, since bitcoin has variance in its valuations.

Yes, I remember in 2017, wherein there was a lot of comparison between gold and BTC, it's the question of "If" BTC's market cap could catch up with gold. Now it's very different, it's now the question of "when"... maybe in the next 10 years?

And if we look at the numbers, in the last 10 years, BTC market cap has gone like 160-170% if I'm not mistaken, while Gold in the same time frame likes double their market cap. So with that, it's just a matter of time before we can surpass Gold, specially if they remain stagnant or at least the growth is slow as compare to BTC. Most likely if we hit $700k per pop, by that price, we might be close or even overtake Gold in terms of marketcap.

We also have to take into consideration how "easy" it is for average Joe investors to acquire BTC as compare to Gold.

Of course, there will be variance, as the price will go down during the bear market. But still, when bull run starts it's hard to stop the herd from running and reaching another all time high very 4 years.